MrWubbles: I stole the exchanges coinMrWubbles: in their cold storage wallet

Firstly, it is unlikely btc-e has a cold storage wallet. Secondly, you'd have to be a moron to believe that it can be stolen (as that would require physical access to the computer.

Agreed, unlikely they have cold storage.

However, there may be people who have backups of the cold storage wallet on the same live system, and if the vps (if it runs on a vps) is compromised, there may be clues leading to further compromise of personal computers for instance, if more servers are used.

Poor admin (unless he's in on it of course)

It is only remotely likely that the VPS was compromised. If it was, there would be more constructive things for the hacker to do than buy up all those coins. The hacker obviously isn't stupid, so the chance the VPS was compromised is low.

It is only remotely likely that the VPS was compromised. If it was, there would be more constructive things for the hacker to do than buy up all those coins. The hacker obviously isn't stupid, so the chance the VPS was compromised is low.

Given the bitcoinica hack, you shouldn't build your exchange on a VPS?

It is only remotely likely that the VPS was compromised. If it was, there would be more constructive things for the hacker to do than buy up all those coins. The hacker obviously isn't stupid, so the chance the VPS was compromised is low.

Given the bitcoinica hack, you shouldn't build your exchange on a VPS?

And the chances that BTC-E cares, much less heeds, security advice is?

You don't use MySQL or any database template for finances. You can't go any less than custom for these types of things.

BTC-E learned the hard way.

No database template... So what sort of custom solutions are you suggesting? Custom database software? I would have thought that a properly set up and designed database would be excellent for financial purposes due to the ACID nature of them. Please do share your thoughts on this, I am very interested.

Damn man, we *so* don't need this. I can only guess how this is going to spread throughout the internet. My sympathies to those affected, but honestly all you can really do to mitigate risk is not hold balances. I realize that isn't a choice everyone can stick to, but it sure helps.

You don't use MySQL or any database template for finances. You can't go any less than custom for these types of things.

BTC-E learned the hard way.

No database template... So what sort of custom solutions are you suggesting? Custom database software? I would have thought that a properly set up and designed database would be excellent for financial purposes due to the ACID nature of them. Please do share your thoughts on this, I am very interested.

I don't know much. I just think database design (from the ground-up) should be structured and limited, especially when it comes to finances. Security should be inherent and you don't see that in one-size-fits-all solutions.

Has anyone been thinking.. That MAYBE this is REAL? Think about it, It is possible someone threw a million dollars onto btc-e from LR and fucked up the market. MAYBE YOU COULD SELL YOUR COINS FOR $60 RIGHT NOW.

Has anyone been thinking.. That MAYBE this is REAL? Think about it, It is possible someone threw a million dollars onto btc-e from LR and fucked up the market. MAYBE YOU COULD SELL YOUR COINS FOR $60 RIGHT NOW.

Why would they do that when they could buy on other exchanges for much less

made 900USD off of the trade bubble. Traded the USD into LTC to transfer out because I dont think that the website will still be there tomorrow....when I went to withdraw my LTC the page timed out, lost all my LTC lol. Easy come easy go. Hopefully that 900USD worth of LTC wasn't "Real"